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- The Line V of the Mumbai Metro will connect Kapurbawdi in Thane West to Kalyan via Bhiwandi. Being constructed at an estimated cost of Rs 8,416 crore, the corridor spans a total length of 24.9 kilometres with an interchange facility with Line IV from Kapurbawdi junction. An elevated corridor, the project is expected to improve Mumbai-Thane connectivity while increasing employment opportunities and creating growth centres. Some localities which are expected to benefit from the project include Nilje, Bhiwandi and Kalyan. The project is expected to be completed by 2022.
All You Need To Know About Mumbai Metro Line IIIThe line III of the Mumbai Metro is a 33.5-km underground corridor from Colaba in south Mumbai to Seepz in the north via Bandra. It is being implemented in phases with the first phase from Aarey Milk Colony to the airport to be thrown open by March 2021 while the second phase from Cuffe Parade is expected to open in December same year. Developed at an estimated cost of Rs 23,136 crore, the project will have 21 stations and advanced features to prevent subway flooding during rains.
SBI Colluded With Builder To Sham Mortgage Facility, Rules HCIn 2009, 300 buyers booked shops at Kamala Industrial Park at Kandivali. The builder, Metallica Industries, promised to give possession of the commercial units by 2013. In total, buyers had paid Rs 65 crore to the builder while Rs 12 crore remained to be paid. As it would later turn out, it was found that the builder forged commencement certificate (CC) to build seven floors while it was granted permission to build four floors only.
SC Lifts Construction Ban In Greater Mumbai; New Landfills IdentifiedAfter a year-long ban on real estate construction in Greater Mumbai, the Supreme Court (SC) has finally allowed construction of new projects for the next six months. The order has come as a big relief for the developers in the city as projects worth Rs 2,000 crore were stuck since March 2016, owing to the order.
What Would You Pay As Rent In Mumbai's Affordable AreasRents in popular localities in Mumbai are soaring for obvious reasons. Also, localities in Thane are have the attention of investors as well as end-users.